Trading 212 Review 2023, Safety, Platforms and Fees

You can find more detailed information about Trading 212 fees here. Trading 212 operates under multiple legal entities, overseen by different regulators. The amount of investor protection differs from entity to entity.

Only people from the United States and Canada are not allowed to access this app. The minimum deposit with Trading 212 is just $1, but the platform still offers three types of accounts. Every account holder can choose these accounts based on their trading needs. These types of accounts are great for customers who are interested in starting trading on a small scale and then investing large amounts as pro traders. If you are a high trader and long term investors, Trading 212 offers a professional account. With the help of the trading services of Trading 212, CFD trades become more accessible and profitable for everyone.

The broker as a whole is fairly transparent and very trustworthy. Once you’ve executed your first trade, you can manage your open positions at the bottom center of your screen. Customer service, however, is only available in English and is based in the UK. Trading 212 is authorized and regulated by a top tier regulator, FCA (Financial Conduct Authority), and FSC (Bulgarian Financial Supervision Commission). It presents a new feature called “AutoInvest & Pies”, where you can create a diversified portfolio and customize it to your unique financial goals in an automated way.

Also, in 2021, Trading 212 deliberately halted the creation of new accounts for several quarters due to the sudden popularity of meme stocks. During the peak of the $GME craze, Trading 212 also had massive platform outages, which led to major criticism among retail investors. Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge.

In 2017, it launched its commission-free CFD/forex, real stock and ETF services. Today, Trading 212 has around 1.5 million clients, $3.5 billion in client assets, and 1.5 million orders executed daily. Trading 212 only requires a symbolic minimum deposit of €/£10 for CFD accounts and €/£1 for Invest or ISA accounts. This is ideal for those who want to start trading with or investing smaller amounts only. I am wondering which platform is the best IBKR or trading 212 in terms of the fees?

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While Trading212 notes a commission-free cost structure, no details exist on its website. Swap rates on leveraged overnight positions and third-party payment processor costs apply at both brokers alike. With Trading 212 Invest, you can trade stocks and ETFs for free. A Trading 212 Invest account allows you to trade stocks and ETFs completely free of charge. Just bear in mind that if the stock/ETF is in a different currency than your base one, you will incur a 0.15% currency conversion fee for each transaction.

Trading 212’s services are broadly tailored to serve three types of market participants. As a trader with an affinity for high-frequency intraday trading, I found the broker’s CFD trading212 broker account to be quite well-fitted for this particular kind of trading. This is made possible by commission-free trading, generally low spreads, and very fast order execution.

Trade With A Regulated Broker

Plus500 is also a publicly listed company in the UK and a constituent of the FTSE250. Trading212 and Plus500 present their proprietary trading platforms to traders, both omitting the well-known MT4. While both brokers cater well to manual trading strategies, the absence of MT4 is notable.

Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Opinions, market data, recommendations or any other content is subject to change at any time without notice. TradingLive shall not be liable for any loss or damage which may arise directly or indirectly from use of or reliance on such information. The broker offers over 7000 instruments from different asset classes, including FX pairs, commodities, CFD shares and ETFs, indices, and cryptocurrencies. I found this offering sufficiently diverse to accommodate the needs of both highly risk-averse traders and high-risk takers. Trading 212 is an online broker that offers real stocks, ETFs, and CFDs across a variety of asset classes.

These services are available on the Trading 212 Invest account and Trading 212 ISA account. Trading 212 is an awesome investment platform, and super popular with over 2,000,000 customers. The range of investments is huge, from stocks to currencies, and the customer service is amazing. Trading 212 processes deposits and withdrawal requests within 3 business days, though transaction times may vary. The broker has no internal handling fees for payments to and from a trading account, though third-party banking fees may apply subject to the chosen payment method. Due to safety requirements, traders have to use different methods for deposits and withdrawals.

Trading 212’s recorded swaps are quite elevated, though the broker is not entirely to blame. Rollover charges are subject to changing interest rates at the interbank level and, therefore, are beyond the direct control of the broker. Still, it is worth pointing out that Trading 212 does not offer swap-free trading via Islamic Accounts. To withdraw your funds from your Trading 212 account, you need to use the same payment method as you did to fund the account. You can read more about Trading 212 deposits and withdrawals in our deposits overview. Here’s a summary of fees based on which Trading 212 account you hold.

Indices (stock exchanges)

The company is based in London and is regulated by two international organizations. Trading212 does not offer cryptocurrencies but has direct share dealing on more than 10,000 global equities. The Plus500 maximum retail leverage depends on the regulatory jurisdiction, where the Seychelles unit offers the easiest trading conditions. It also features options contracts, supporting more complex strategies.

You can trade CFDs (Contract For Differences), which is trading the price of an asset (e.g. a share), rather than buying an actual share. Just drag & drop your account statements from your broker or spreadsheets. I collected data about all the account types offered by Trading 212 and arranged it in the table below, making it easy for you to compare. The app as a whole is very easy to navigate, affording quick access to your trade account on the go. What I like the most about the platform’s chart screen is that it can be manipulated quite easily.

The asset selection at both brokers remains excellent, but IG Markets has more asset classes, granting it an edge. Using Trading 212, you are giving your consent to lend the financial instruments held in your account (for short-selling, for instance). To mitigate it, Trading 212 will procure to hold collateral to at least the value of the lent’s financial instruments. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading212 is an online broker that offers a wide range of markets and products, as well as a user-friendly platform with a range of account types. As per this review, Trading 212 provides some of the most comprehensive web-based trading resources.

Trading 212’s high transparency is also underpinned by the fact that the website contains plenty of information pertaining to the company’s owners and board of directors. It does not accommodate swap-free (Islamic accounts) trading, there is only one platform, and it does not have a desktop version. Moreover, the broker does not offer a raw spread account type, and the scope of its research content needs to be expanded. Trading 212 offers a professional trading account, though the benefits and features of the upgrade are not stated on the website. In this review, we cover the range of trading products, the quality of the mobile and desktop platforms, and step-by-step guides to sign up and start trading with Trading 212. Therefore, from a security perspective, IG Markets and Trading212 deliver a secure platform.

On the other hand, Trading 212 CFD is made to enhance your returns dramatically, but it carries a higher risk (two sides of the same coin, right?). The product offering is wider with CFDs on Forex, Stocks, Indices, ETFs, Cryptos, and Commodities. Trading 212 is both a CFD and a stock trading platform, therefore it competes with services in both categories.

• You can also check out our full guide to forex or CFD brokers including lists of brokers available in .
• For Invest account holders, these services help in improving their investment portfolios.
• It also has client deposit insurance up to €1 million, offering better protection than most competitors.
• And the fact that Trading 212 is regulated by top-tier regulators makes it very safe to open an account with.
• When Trading 212 fees are compared with other similar brokers, there is an objective difference in their products offered.

Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. This is achieved without having to purchase actual bars of gold.

With these services, the users can instantly deposit funds and invest in the trades to make profits in no time. These quick and automated investment trading tools are available for each stock https://traderoom.info/ and ETF trade. Trading 212 brokers provide offers to several trading services free of charge. As a service provider, Trading 212 is a registered and well-regulated company based in London.

And then there’s a CFD (Contract For Differences) account – which is where you are trading the price of assets rather than buying the assets themselves. This is the popular account with traders, and has the full range of investment options, that’s stocks, funds, commodities and currencies (foreign exchange). I have repeatedly raised this with customer service along with a few other more pressing live matters but they are slow to respond or to not come back at all with a resolution. Occasionally they come back with responses that are contradictory, which feels like “go away” or a response that is “soon as possible” instead of an SLA or estimated timeframe. This has been an issue for months with no sign of improvement which is unfortunate.

Similarly, users can deposit funds in more than 9 base currencies from across the world. Due to these features, Trading 212 is a sought-after platform for retail traders. Also educational content which is provided by trading 212 for the traders. In Trading 212 Invest, you may trade commission-free real stocks (3000+) and ETFs (450+) with a 0.15% currency conversion fee. Are you based in a EUR country and want to invest in Apple (quoted in USD)?

We recommend Trading 212 if you are looking for commission-free Stocks and ETFs trading and/or want to get a Robo-Advisor feature (“AutoInvest & Pies”). Trading 212 accepts clients globally, however, there are a few exceptions. Click here to explore the countries you can open an account from. Note that outside the EEA, account opening times can take much longer than usual. According to industry sources, many suspect that Trading 212 is deliberately focusing on providing platforms for both securities and derivatives for cross-selling purposes. When we contacted Trading 212 via email or live chat, they sent us prompt, relevant and straightforward answers.

The application process at Trading 212 is easy, fast and takes place fully online. You must enter some personal details, select an account plan, provide information about your trading experience and financial situation, and then verify your identity. As a licensed broker, we are obligated to request specific proofs before verifying a trading account. Some of our clients’ accounts are automatically verified if the filled information upon signing-up is meeting the criteria. Nevertheless, don’t hesitate to reach us at and we will clarify any doubts you may have. Thank you for your review and suggestions; we’ll undoubtedly continue implementing new features to make the trading experience smoother and more enjoyable.

Ivan Ashminov and Borislav Nedialkov founded Trading 212 in Bulgaria in 2004. Nedialkov is co-founder and focuses on the forex branch of the company. Up until the waiting list was finally lifted for EEA residents in Q4 2021, Trading 212 wasn’t available for new traders, which is considered an unusually long hiatus. Trading 212 also saw massive platform outages at the end of January 2021 in connection with the market craze. If all your documents are in order, Trading 212 will usually approve and activate your account within a day.

Trading 212 also charges low non-trading fees and does not charge any inactivity fees or withdrawal fees, which makes deposits and withdrawals cost-free. Trading 212 is a true pioneer when it comes to trading CFD shares. It was the first derivatives broker in Europe to introduce zero-commission trading, but that is not all. On Sortter.com, you can find reviews for several other trading brokers. To read more about these trading platforms, or other forex broker reviews, simply go to the top of the page and hover over the navigation menu.